Clarity on ClearXchange: Mega-Banks' P2P Project Pushes Ahead
The field of P2P competitors has grown significantly since JPMorgan Chase, Bank of America and Wells Fargo founded clearXchange LLC in 2011, and the mega-banks' initiative still looks very much like it did three years ago.
Images: Bloomberg News
  more »
Image: Bloomberg News
The Snapchat logo
Snapchat, a photo-based messaging service, has added a payment capability based on Square Cash, Square Inc.'s person-to-person payment system. more »
Image: Bloomberg News
Venmo, a mobile person-to-person payment system now owned by PayPal, rocketed in popularity with millennials by treating money movement as a type of social interaction. more »
Image: Bloomberg News
Amazon plans to discontinue WebPay, a service that allows people to send cash to each other. more »
The original Square Cash offered to fill out an email for the user.
Square Cash, a person-to-person payment service Square launched in October 2013, has been redesigned to become more useful as an app-based product. more »
Jeffery Yabuki, Fiserv's president and CEO
Fiserv Inc. is promoting the real-time version Popmoney person-to-person payment service as a companion to its online bill payment offering. more »
Ather Williams, Bank of America Merrill Lynch
Bank of America Corp. plans to allow new transaction types, such as corporate disbursements, to be made through the bank-led clearXchange person-to-person payments network. more »
Niti Badarinath
U.S. Bank's addition of "instant" person to person payments is a response to consumer expectations: If mobile payments are supposed to replace cash, they should be as fast as cash. more »
Image: Bloomberg News
U.S. Bank will enable real-time person-to-person payments through Fiserv's Popmoney. more »
Already a subscriber? Log in here
Please note you must now log in with your email address and password.